The Charles Schwab Co. (NYSE:SCHW) Shares Purchased by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. boosted its holdings in The Charles Schwab Co. (NYSE:SCHW) by 30.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,050 shares of the financial services provider’s stock after acquiring an additional 1,650 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Charles Schwab were worth $552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Charles Schwab by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 128,578,230 shares of the financial services provider’s stock worth $9,516,075,000 after acquiring an additional 1,187,384 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Charles Schwab by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,901,484 shares of the financial services provider’s stock valued at $2,279,742,000 after purchasing an additional 760,043 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Charles Schwab by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 20,455,266 shares of the financial services provider’s stock valued at $1,513,894,000 after purchasing an additional 265,708 shares during the period. Norges Bank acquired a new stake in Charles Schwab during the 4th quarter worth about $1,289,544,000. Finally, Northern Trust Corp lifted its stake in Charles Schwab by 13.4% during the fourth quarter. Northern Trust Corp now owns 15,739,917 shares of the financial services provider’s stock valued at $1,164,911,000 after buying an additional 1,864,286 shares in the last quarter. 84.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Charles Schwab news, insider Paul V. Woolway sold 3,380 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $79.32, for a total transaction of $268,101.60. Following the completion of the sale, the insider now directly owns 57,818 shares in the company, valued at $4,586,123.76. This represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula A. Sneed sold 8,647 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $88.06, for a total value of $761,454.82. Following the completion of the sale, the director now directly owns 105,654 shares in the company, valued at approximately $9,303,891.24. This represents a 7.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,735 shares of company stock valued at $8,867,382 over the last 90 days. 6.30% of the stock is currently owned by company insiders.

Charles Schwab Stock Performance

Shares of SCHW opened at $87.65 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 12 month low of $61.01 and a 12 month high of $89.85. The company’s fifty day moving average is $80.68 and its 200-day moving average is $79.30. The firm has a market cap of $159.25 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90.

Charles Schwab (NYSE:SCHW) last posted its earnings results on Thursday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.03. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.46 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. During the same period last year, the company earned $0.74 earnings per share. Equities analysts expect that The Charles Schwab Co. will post 4.22 EPS for the current fiscal year.

Charles Schwab Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 1.23%. Charles Schwab’s dividend payout ratio (DPR) is currently 32.73%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SCHW. Barclays dropped their target price on shares of Charles Schwab from $96.00 to $84.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. TD Securities lifted their price objective on shares of Charles Schwab from $95.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Morgan Stanley increased their target price on Charles Schwab from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. Cowen reiterated a “buy” rating on shares of Charles Schwab in a report on Tuesday, May 20th. Finally, UBS Group increased their price objective on Charles Schwab from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.63.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.